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I think a lot of folks in tech got carried away with it. For example, the whole a16z Marc Andreesen shift to the right has a really simple explanation. They o
by ilrwbwrkhv 2y ago
I think a lot of folks in tech got carried away with it.
For example, the whole a16z Marc Andreesen shift to the right has a really simple explanation.
They over leveraged themselves in their crypto investments and Trump was the only one who would not regulate crypto and keep the valuation from crashing. So to save their investments they have to do this whole drama now.
- lvl155 2y agoTo be completely fair, crypto is an ingenious money laundering vehicle. And money laundering is going to happen whether we like it or not because people will continue to engage in illegal economic activities.
- chrchr 2y agoBut money laundering is an especially noxious crime because it enables and incentivizes all the other large scale crimes.
- sanderjd 2y agoStill short sighted though. I feel like they are speed running "how to create backlash".
- this_user 2y ago"Carried away" implies that they didn't know what they were doing rather than cynically exploiting a bubble they knew would collapse eventually.